The VM selectively re-compiles code to native (Intel) machine-code, based on the size and complexity of the methods, and how often they’re called. This means that the benefits of the new VM vary from task to task, but Andreas Raab estimates that you should expect a 2-3x performance improvement generally, “more towards 2x when running primitive and I/O-bound stuff; more towards 3x when running ‘pure’ Smalltalk code”.